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RIL reclaims Rs 10 trillion m-cap; stock gains for the fourth straight day

The company's rights issue was subscribed 1.59 times

reliance jio, RIL
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The allotment of equity shares will happen on or around June 10, 2020

SI Reporter Mumbai
Reliance Industries (RIL) reclaimed the 10 trillion market capitalisation on Thursday as shares of the company gained for the fourth straight day. The stock ended around 2.5 per cent higher at Rs 1,580 on the BSE. in an otherwise range-bound market after the company said it has received an overwhelming response to its rights issue worth Rs 53,124 crore, which was subscribed 1.59 times.

In the past four trading days, the stock has rallied 7 per cent, as compared to a 5 per cent rise in the S&P BSE Sensex. It was 2 per cent away from its lifetime

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